Best tips and tricks

Risk management is very crucial when it comes to forex trading. I’d suggest using proper stops even when you are 100% sure about your trades.

 

Always consider your risk appetite while predefining your position size and do not trade with the money that you can not afford to lose.

 

Always follow your trading plan and do not change your position size frequently.

 

Always practice your trading strategy on the demo account before going live.

 

Good traders are good money managers. Traders should learn to manage their trading funds and protect the fund.

 

Consider analysing your profits and loss before placing your trades.

 

loss is a very common thing that we the traders cant ignore after having most powerful analyzing trade knowledge and experience.

 

agree, for that reason we the traders should take losses as an easy thing . otherwise there is no way to survive

 

Never trade with the money you can not afford to lose. Forex is highly volatile and unpredictable market, it is best not to risk unnecessarily.

 

Yes! We should take losses lightly but also make sure at the same time that we don’t make the same mistake again.